We’re Wealthy!

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moneyIt might not have felt that way to many of us in Verona, but we are actually wealthier now than we were in 2009. According to some data crunching by NJSpotlight.com, the median household income in Verona rose from $91,818 in 2009 to $97,017 in 2011, a gain of 5.7%.

The news Web site looked at the U.S. Census Bureau’s five-year American Community Surveys and did some averaging. So the 2009 number is actually an average of data from 2005 to 2009.

We fared better than Montclair, where the median household income rose 2.4%, but not as well as Roseland, where the gain was 10.4%. A wide swath of south Jersey saw their median household income fall during the period.

You can check out all the numbers here.

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Virginia Citrano
Virginia Citranohttps://myveronanj.com
Virginia Citrano grew up in Verona. She moved away to write and edit for The Wall Street Journal’s European edition, Institutional Investor, Crain’s New York Business and Forbes.com. Since returning to Verona, she has volunteered for school, civic and religious groups, served nine years on the Verona Environmental Commission and is now part of Sustainable Verona. She co-founded MyVeronaNJ in 2009. You can reach Virginia at [email protected].

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